Topic: Four Lucrative businesses you can start in Nigeria (Read 521 times)

Everyone is already right about their suggestions as it's about business that can flow well in Nigeria. Business depends on the environment you put it, you can sell crayfish in a place we're people buys fresh fish or dry fish. What the OP said is not bad because I can the OP said according to the areas he's leaving. If what @Lambugini said can sell very well in your area that means you can go for it. Business is about the environment you place it, just ike I said early.

Talking about lucrative business to start in nigeria, although there are so many business that can profit you in the future depending on how you manage it. However I think food items business is considered as one of the lucrative business in nigeria. And also provision store,and restaurant business this are the 3 business that can profit you in nigeria, then before looking out to open a bet office this business is also moving well in nigeria. If you're planning to establish a business in nigeria it has to do with anything eat able, that's the business that is moving very well in nigeria.

For me, I go say plenty businesses dey wey dey lucrative for this our Naija but as the country be so, before we go go into any business make we first check around, check wetin people dey find steady, wetin dem no fit do without in a day like this, Because as this country don be like this, no be all business go move well again unlike before we be say anything wey u just open, customers go dey come but now no be like that again, business wey person supposed dey open now na...

Number 1: food stuffs, u see food stuffs dey very lucrative, especially if u come dey sell well and u dey carry everything wey person need in order to make food tasty and eatable, u go see customers dey beg mk u rest small self, even barbing salon, guys dey barb head almost every week, or say self , if person open that kind business go really make am for this country, even POS self because nobody dey ready to dey go bark go stress themselves for the small money wey dey won take, hairstylist dey for the list too, girls dey really make head o for them to look better, even as e be say the country hard but girls dey still dey make head, plenty businesses wey we supposed dey do for this hard times dey, mk we just calm down choose better one, wey people dey find steady do.

Business someone can start and it will fetch money ,in Nigeria here once someone start business you will see someone who don't even have the idea of the business will rush to open their own

But anyway that's life sha,to me business someone can start

1 provision store business

2 fishery and artificial spawning of cat fish business

3 p.o.s business

4 food items business

With the help of this lucrative business one can survive in Nigeria mostly the food items business,you can buy still use and replace later ,it will make you ,not to borrow money outside , because what you need is right close to you,but don't forget as u are collecting try as much as you can to replace it,if not the business will go down

Don't forget also friends and relatives,tell them that business grows when friends and relatives are paying.so that their mined go day,selling of credit shouldn't be ,even if u see please limit it

You see that no.1 you talk about wey be poultry farming na beta business wey if person wey get the interest in am enter am the kind money we, him go make e go marvel am. But the thing be say this type of business good make the person get him own place, like land wey him go use the do the business so that him go get that space wey dey convenient for your animal to grow.
Due to the smell of the animal poos eim no good day na around resident compound person com the do the business. You fit get wahala with resident people. So for people wey get land e dey easy for them to start with any small capital.

As for the rental business, me get idea inside well well because I don get the privilege to work in one of the firm's, silent money really dey inside and no be everybody know. I get plan to open a classic rental firm in the future, because the items as you buy them Dem dey durable and go bring you profits well well before them even start to spoil.

Businesses way you mention dey very lucrative too but that fish and pourtry farming dey always dey risky I know say business na risk ooh but if proper time is not taking you fit get big loss for the business you fit dey discouraged not to continue again, and feed now is expensive if the fish are not properly feed they start eating each other.
But e get this business too way dey highly underated but very lucrative am into it that's  CHARGING OF PHONES.

Me and you know say Naija no dey get steady power supply expecially the area am staying we hardly see light I know say other places dey like that for naija too remember people no dey like make there gadgets dey off and so many persons no dey like go charge there gadgets for bet shop due to the risk involve because your phone might got stolen, so having a phone charging center as a business around will make people come charge there phones because them believe say there phone go dey safe and them fit go do other things knowing there phone is safe and come back to collect am later with there phone fully charged.
I no go lie for you money dey that business, ok imagine charging 100 phone and above in a day 100 naira per phone and calculate it by 100 that is 100×100 that is 10k just imagine making 10k in a day no much risk required.

I buy dis your idea more than the Op suggestion. Fish Farming if your fish die then you go lost your money. POS because na one of the most risky business in the world because all those yahoo boys na POS dem dey face. Then internet business no be here oh. Weti you dey sell to market am for online no be here and renting canopies and chairs and others e no dey easy because those dey lost well well. But for the ones wey Lambugini mentioned e dey less risky than the Op own. Food Items Shop which na di popular name na Provision Store na good business but e good when you dey a place wey populated.

Phone accessories na another good business hotel business na money own. I prefer restaurant more than bar.

For me four lucrative business one can start in Nigeria are:
1) food stuffs business
2) phone accessories
3) hotel business
4) bar and restaurant

I must admit that your fourth concept is really intriguing. Renting out chairs, tables, and costumes for gatherings is an excellent way to generate money. People always require these goods for their events, and if you can give them at a reasonable price, you will be successful. Furthermore, as the event industry in Nigeria grows, this business has the potential to develop as well. Selling food items is extremely profitable and reasonable since people require them in their daily life; they cannot exist without eating or purchasing and selling. However, it is necessary to have solid management abilities and a dependable source to assist you operate the firm. You also need to build a business strategy too.

Among the four businesses wey you tok of nah only for the POS business nah me I no go advise person to do again if him to an do business, cos PoS business don too much for any corner you match leg you go see like five POS business stand wey line up, nah befor befor nah PoS business been dey lucrative wit profit now de profit no dey again as bfor. I get guy wey don dey into PoS for year but now him dey complain say profit no dey again lik wen him been start PoS as pipul don full inside de business.

But for the oda three dem nah nice business to do if the person get knowledge about am and even if you no get knowledge you gat still learn am if you get passion for am. If me to pick anyone to do nah that fishery and poultry farming I go do, de business de pay well well, now wey pipol focus nah to see food chop nah only person wey dey into business of tins to chop nah fit get steady sure profit. And e no get season becos human being no de get season to chop food.

You really bring a good ideas this ideas will help many people's that know how to run a business if not the wey this Nigeria economic conditions be now people are suffering with high cost of living.


About fish farming, fish farming also have a big risk sometimes because if you know be the kind of person that know about it you may getting lose, because fish farming deserve a proper care, you always main sure that their food are intact and you need to be changed their water every week.

 
About POS, POS is a great business but he as a high risk than does you mentioned. Because you can only deal with money, if you get better location and people are pertronize you, you quickly earned from it. But the only thing is that you should not stay the area that their's lack of insecurities.

No be only pos business be the only business where get k leg among the list that ops mentioned,  in fact all of those business except food business are all outdated business,  e.g before you advise anyone to go into fish farming,  you should first of all take out time to research and get current data lf how much the cost of establishment,  treatment training and foods,  because I have experience in one or two of those businesses mentioned in the ops.

But then food business have no expiration and its risk can easily be managed if you have a good preservative method and fast cheap transportations since food business need moving around both in finished goods and raw materials such as the foodstuffs.

I Love those ideas my man, but e still never complete without the name Agriculture.  You dey observe as food they on the high rise. No wam, but make ornah farm oooh. Garri basin na something else now. Rice bag go soon be like the price of Bitcoin.

One advice I go give nah to solve problem for the neighbourhood,  I dey currently organise the packing out of dirty and dubris from one estate. In a week  per house they pay me 2k. That nah for estate weh get over 100 houses ohh. I dey like ceo,  though I get boys weh dey in charge of packing out all the dirts. You see this kind business? I dey solve problem and the money no too cost at all.
At times just take a walk and observe,  plenty problems dey to solve weh go give you money.

This businesses you listed above of a truth are very lucrative but their are some of the business you listed that requires some reasonable amount of capital to start up like this fish farming and poultry farming. This business requires large capital to start up because before you start this business you will need to acquire a land, dig a well or borehole and fence the environment. So you can see that all these things requires huge amount of money so imagine someone that doesn't have much and may be he's thinking of making savings for this business you will find out that in the quest to save money for this particular business he might also be consuming his savings especially when you ain't earning much and as things goes on you start finding it difficult because the money you planned to be saving is not forth coming. So I suggest as one is also looking for a lucrative business to start they should also consider the capital they have and venture into business that will be equivalent to their capital then from that business they can now be making savings for their dream business.

You are right@smartgold01, but the problem is that everyone must not do the same thing. In life people have different interest and passion. Not what you like that I might also like. Not everybody that like there investment to be in Bitcoin/crypto considering the fact that it's an online business which can crash at any time. Although Bitcoin is not one of those online business that can crash and can never and will never crash because I know Bitcoin very well. But just considering what happened to LUNA COIN coin you can research about it and you will know why many people are afraid of online investment.


In as much as we are doing online business, there is a need or tendency to also involved in other physical or side hustle. There is an adage that says! "don't put all your eggs in one basket".
before you adventure into a business you Know nothing about, there is need for physibility study and person training program just the way you lernt about Bitcoin. You do risk acesment in other not to loose because the motive of every business man is to make profit. When you invest in fish farming after training, The profit made can be used to invest in crypto. But if you don't want to invest in crypto you can still use you profit to reinvest.

Nigeria and business, one thing nah for us to get the business idea another thing nah for us to know how to put those idea to work, diz business dem way u don take time point out nah the koko wan dy the country. Nah for person to gather the money and idea to use start the business now Nia remain.

Another thing too for this business them nah to get better place way go fit in for each of the business, some business go they beneficial to who go do am base on the area way them start am and eh go also hard for dem for some area way dem fit also go do am.

Another business way I also notice say eh they help now way no too need person go also get plenty experience nah dry cleaning job, eh be like work way day stressful but believe me money dy inside that business, and people dy really fine dem, especially wen u come site am for area way student and worker full body, Nia Dre u go see work run, as the stress plenty nah so the money also good.

Nice idea, first before planning for a business you must have an idea of that business first and make sure you invest on the business for higher profit. Secondly look around your area, what's that business that will profit. For instant in my area pos shops are too many so I don't see any profit coming from that. But in an area that lacks power stability, opening a charging center there will be the best idea because some people cannot do without their phones.

pos business is a very good business as for those days, but now people have Rush into the business too much but even as that, pos business is still giving money but not like those days.

For me , if money enter my hand as you said. there is a business that's into my head right now that I believe, it will give me much money
1 Transportation business is one of the business that is giving much money now. buy Keke and put in the road . a day, the Keke will be returning #5000 x it to six days  you will get 30k . x it in a month you will have 120k . you can see the can of money in transportation business.

2 Restaurant business is another business that's giving money too. no matter how the economy is, people must have money for eat. food business is one of the business that can give you money too.

I think most of the business you mentioned might not yield much profit or will take time to even yield a reasonable profit, I feel when thinking of starting a new business, depending on the funds available, it's best you work with
1. An idea you are very comfortable with and that's very unique
2. Start up something you already have your primary costumer in place (like, you can choose to, in the case of a pos business, rent your pos to an existing shop a take a token like 5h daily) that way they use it for there business while you get your 5h without stress.
There are some much business that will yield reasonable profit though, it just depends on how much you have at your disposal

Yes na true talk way you talk, every business get risk, nai make we they some cases way be say person go open business finish and e no go rich up to 6 months or 1 year the business go fold, but sometimes no be say the product way the person they sell no they good but e go be say the business no get proper management plan.
Like this pos business way we they call here, e they risky but as e they risky no mean say people no they do am, POS business done help plenty people for this our county and at least e done reduce the rate of unemployment for the society, why this POS business they risky na because people they do fake apart and plenty people they fall for that thing so as a pos operator way person be e go good make the person they very careful when dealing with transactions.

Op, na very good business wey you compile so and business like fish farming, poultry dey profitable if person fit get di capital rum am well. Except for di POS business wey no need plenty money to start up and e no too dey attractive again because POS don full everywhere, na people wey bin run am di first first time na dem bin make money. Now na just small small change you go dey get except you get better site wey customer go dey patronize you steady. POS get hin risks and Gozie51 don talk di major risk, anodi risk bi say di person wey you employ to work for you fit carry your money match, na wetin dey happen.

Running a business in nigeria is hard in today regime. If you have been there and still hanging around, you will understand how heat of maintaining a business has become and if you are new, the chances of making it will be low because newbie cannot survive with economic hardship. It's easy to start a business but maintenance and running cost is the problem in this country.


There is something about fish farming you need to know and the main people who run them will not tell you. Fish business is of two types, there are people that goes into rearing fingalings, feed them until they reach the target kg before they are out for sale which you just explaind but the loss you will encounter in this one is deadly especially if you are not expert or have experience. Sometimes is not about the fish having sickness, there is high rate of cannibalism in fishing farming where the fish eat there self. They do that a lot when they found others are sick, they eat them in less than 24 hours before you come for check up and some also die naturally.

Instead of buying fingerlings from scratch and rear, it's better you go into hatching business. This is where you have your own fish pond, mate the male sperms with the female eggs and they produce fingerlings after some days. You can sell them to people who buy to feed until maturity. The loss been a hatcher is far minimum than the fish farming itself and it's more lucrative without doing much. Think twice before you venture into fish farming my brother.


The first challenge of this business is that it's already saturated, meaning you will make less profits if you are starting in a new location but if you have a busy area and no any available, you may make more profit but it's rare these that you will pass through any street or corner without seeing a POS business.

Another challenge with this one is that you will likely get scam by some people if you are not smart ahead of them, you need to have 3 eyes to succeed in POS business because there are possibilities of collecting fake cash deposit, fake transfer, fake alert and even getting rob if your location isn't secure area.



Online business no dy work for Naija, you should said drop shipping instead. Drop shipping is buying stuff from e-commerce and then bring them to Nigeria to sell. Many of the vendors we have on Instagram, whatsapp, Snapchat and tiktok are into drop shipping and they make money from them.

You have tried for the suggestions, many people go dey plan the kind business to start before, you dun make things easy for them.

Some other ones wey still go well na laundry and dog breeding.
for the laundry side, ones you fit set up with better washing machine, dryer and the other things wey dem dey use for better location wey light dey dey, den get better person for the laundry work wey get small experience if you nor wan run am yourself, you nor go dey spend much, and if you cun sabi the work, better money dey inside. You still even fit dey run POS for inside or the front. When you reason the Dog Breeding side, na business wey dey need money to mange, as per vet money and food money for the dogs dem, but when the dog go born, and you sell them...na serious profit ooo especially when na better dogs you dey sell.

I think fish farming and poultry, renting of chairs and canopy business, and online business is more intuned to succeed in the current economic state of the country, compared to P.O.S these days.
Almost every business, small retail or wholesalers have P.O.S terminal to ease customers payments and burden of carrying large cash around. Even private individuals now carry P.O.S around.

For rentage, a good location or environment that is prone to weekend gyrating and partying would be a good idea. Better still, a more populated place would have more appeal to such kind of business.

For fishery and poultry farming, food is a necessity and I don't think people have stopped or will stop enjoying a good fish or poultry dish anytime soon.

Every business get their own risk. The PoS business don help plenty people. You fit they see am like say PoS stand dey everywhere but dem still dey make gain because plenty people dey do transactions everyday. More people dey open accounts and many people don tire to go bank.

Na true about the turn up, na wetin make for you to dey successful either of these two go happen;

• Either POS go be the backup business, maybe you dey sell provision as the major one
• E go get better position wey competitors no cluster

This business no easy oh, but no lie say e dey very profitable like if you start am and you no get problem like your fish dem no die or something, E no go reach plenty months you go begin cashout and buyers no dey hard to find because na dem go find you. Immediately word go out say your farm dey deliver better fish dem, all those market women go begin find you come your farm so that wan mean say, you no go dey find buyer. Also fish wey dun mature reach to born go deliver you new fingerling wey you go dey use get continues profits untill you dun tayah to dey sell fish self. The business no too cost to start and maintenance no cost too unlike other businesses. You no need need find local for this business self as you fit do am anywhere like for your compound or any land wey person get but never dey use. You fit just tell am make you use an dey do the business and dey look after the land for am or you rent the land.


This pos business wey dun dey everywhere so, if you look left, right , back and front you must see one pos stand. Instand of POS, me I go say make the person turn investor for Bitcoin or go into forex or cryptocurency trading because this pos business dey very risky. Person wey you give the job to handle your pos business go fit set you up. Arm robbers still fit achieve the person and area boys fit worry her too. This kind business nobi wetin you fit do yourself because you get other hustle wey you go dey handle. The business dey too slow for me too, how much wey you go dey get self daily when everywhere pos full so e no belike all customers go dey come ur own stand pos dun full everywhere. I no know for una oh but fot me I dey like business wey the turnup na in bulk and I no need employ person to look after am. I no like physical business in any form, na online the money dey and na their we die for the hustle.

The business dem wey you mentioned correct but have you also forgotten that if you invest in bitcoin today within few moments you go achieve something very good as well? The only thing required is just to put interest on how to be security conscious ( that is to say, you must be very careful with your key phrase) risk common is the volatility level of it which it will still come back to the previous price.

One thing we must know is that there is no business that doesn't involved risk, POS business easily attract arm robbers meaning you need to be very careful while selling your money to people that comes to collect money. Fishery you need to learn how it works before venturing into it and not every place it will survived if you don't know the eyes, buying properties for rentage also has a very big challenge as we have also involved ourselves with such, most times we get incomplete returns and whenever we asked those people to replace it story comes ( this made our aunty to stop doing that business) and moreover chairs being it table and canopies they has low life span before you knew it all of them will start getting weaker.

online business( E-commerce) is something very much better at least you don't incur much risk as it must be pay on before delivery and people must send you money before you would deliver it to them, which you have less stress free. Although this business is much encouraging for a woman as you don't know the kind of men you are to meet out there all less you basically deal with women wear than men maybe you might not get hurt while dealing with your fellow women compared with dealing men.

Among all that you mentioned above, it is only POS that is a business that has less stress. All you need to get use pako knack your small POS bot or if you have funds, you can rent a shop. There is a guy in my neighbourhood, this is the business that he is into and he is making it. Infact some people don't all that waste of money, only an umbrella with two plastic chairs and your POS machine, you are good to start making profit.

The best is, if your location is in a very busy area, with high transactions, like markets or busy bus stop e.t.c. Before you know it yopu have made millions. The cashless policy real wrecked some POS operators then and kicked them out of the business but the serious ones that are making profit are still cashing out daily from it. I like it because it doesn't need much calculation and stress.

For a very long time now business has been the only way for people to actually survive well for this country because as we all know this country is not an easy place even if you are a monthly earner you still probably need a back up business to follow up with the trend of hardship and as you have suggested so many businesses but they are still more that people are yet to discover even more lucrative than these that are even mentioned.

My brother you don mention some good areas of investment for someone wey just hammer dey find where to put the money as business, me I get one area of business wey you mention and I know go advise someone to go begin do POS business oo. I know say money dey am but the risk also dey very high on to say na direct cash dey involved and not goods wey dem go try resell after them thief am. So na red eyes armed rubbers dey carry come meet POS people oo. There gun no dey always be toy gun, na original gun 

I know say every other business get risk but make POS person dey try hold at least 20k for hand incase those people come, dey can see something carry go because at all at all na that one bad pass. Them dey kill the POS operator wey try hide money from them or tell them say money no dey.

POS nah nice business idea and plenty people know that one, so e go good say make people way get money to do the POS business do am.
Like as you still talk say the demands for food done too much, e still good make some of us go into the business so that we go still make profits from their.
Renting of properties no too dey common for some society and I know say plenty people if them need some kind of property them dey go buy am with their money, although say na people way get money dey do like that, but as for those people way no get the money, themselves they rent Sha, but those ones way you mentioned for the discussion they good because once once people they do occasion and them self they need some of those things.

Op na true you talk oo money really dey POS everyone can believe that, we all cannot forget the time wey Pos  be dey hot some even buy car with POS money when some people they underrated the business say them no fit do the kind of business wey everything na time for this country, and again one business wey we fit do with any money wey just enter our hand, example now that is raining season we can use our money to buy goods at a cheap price which at the end of the year the price of the goods we buy can be increase such as beans we all know how if beans money wan increase e dey shoke everybody like say na bitcoin investment, with the ways you mention na better way to invest our money and they are still many ways.

Well I get your points well, anyway as e be say the Nigeria economy dey poor e go good when we plan our self's wela, now way some of us never get money e go good make we start from now dey plan our self so that when the money go come we no ho hesitate to use the money do the things way we plan to do.
Fish farming dey good well well,, as e be say the demands for food dey increase as day they break, make we try go into food business.
You talk well for all your points ohh, but I no agree with the other one way you dey say make people go into POS, because POS business nah very risky business, you know say person way no dey smart no go fit run POS business, because if them do fake alert the person no go know.
Nah the little I get to talk be this.

I've you ever been in a situation wey you dey  think which business to do with money wey just enter your hand?Like better money enter your hand but you don't know what business to do with it.

I want to tell you all 4 correct businesses wey you fit use am do wey go yield better profit at the end.

1: Fish farming or Poultry farming: The demand for food product na constant thing. As  the population dey grow na so the demand for food too  they increase. You can start with a plastic tank or tarpaulin for the fish farming. You can also rent ponds from people. There are people that have ponds they rent out for fish farming purpose . The profit in fish farming is huge. Na my parent business be this so I know what they make from it.

2: Mobile money AKA POS business: money dey for pos business, no look am say e no dey. Just get a good location and the place  busy. Pos business provides convenience to a lot of people that don't want go through bank hassle.  I am among the first people who started the POS business before it became a global thing 😃. I made a lot of money, and I am still doing it.

3: online business( E-commerce) With the increase social media engagement, starting online store by selling various products is very lucrative. You fit sell shoes, clothes or anyone of your choice. The reason I love this one, you don't need to rent a physical store, people go dey see your product online. Just make sure say your product are of good qualities and deliver to your customer on time.

4: Buy properties people can rent from you like canopies, chairs, table, curtains, costumes etc. You can be renting these properties out to people that have parties or occasion and be making your cool cash. You know say party na sure thing, whether na birthday, wedding ceremony and even burial. People will need all these for the party.

All these businesses are lucrative in Nigeria, However the success of any business requires careful planning, market research and commitment.

If you have other businesses, you can also drop them here so we can see as well.